ETF · Amundi
AEMH Amundi USD Emerging Markets Government Bond hs -UCITS ETF GBP Hedged- Capitalisation
ISIN LU3307281595London Stock Exchange: AEMHSAS Rue la Boétie
- Government bonds
- ETF
- ISA
- SIPP
- Accumulating
- GBP hedged
Latest close
LSE£4.90
on
- Ongoing charge
- 0.45% a year
- Fund size
- £24.3m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, AEMH (Amundi USD Emerging Markets Government Bond hs -UCITS ETF GBP Hedged- Capitalisation, ISIN LU3307281595) closed at £4.90 on the London Stock Exchange. Its ongoing charge is 0.45% a year (about £45 on £10,000).
Charges compared with similar funds
- Ongoing charge
- 0.45%
- a year
- On £10,000
- £45
- a year, roughly
- Over five years
- £223
- of £10,000, before growth
- 294 charge less
- 3 the same
- 14 charge more
Ongoing charge of Amundi USD Emerging Markets Government Bond hs -UCITS ETF GBP Hedged- Capitalisation 0.45% a year. Compared on 14/11/2026, 14 of the 311 other government bond funds charge more, 3 the same and 294 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Amundi USD Emerging Markets Government Bond hs -UCITS ETF GBP Hedged- Capitalisation is an exchange-traded fund (ETF) from Amundi, launched in 2026.
It tracks the J.P. Morgan EMBI Global Diversified Select Index - USD - Benchmark TR Gross.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.45% a year — about £45 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound.
Government bonds: Loans to governments, such as UK gilts and US Treasuries. They pay interest; their prices move when interest rates change.
Terms:ETFIndex fundUCITSAccumulating or incomeCurrency hedgingShare classISIN
Key facts
- Ticker
- AEMH
- ISIN
- LU3307281595
- Provider
- Amundi
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.45% a year · about £45 on £10,000
- Fund size
- £24.3m
- Launched
- Domicile
- Luxembourg
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- Yes, to pounds
- Price currency
- Pounds (GBP)
- Category
- Government bonds
Price chart
Since 08/05/2026, the closing price went from £5.03 on 08/05/2026 to £4.90 on 13/11/2026 (−2.7%). The lowest close shown was £4.84 on 02/10/2026 and the highest £5.07 on 26/06/2026.
One close a week. Before 30/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
22 weekly closes, from 08/05/2026 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 592
- 593 reported in all
- Ten largest
- 6.1%
- of the whole fund
- Effective number of holdings
- 441
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 1.1%
- ARGENTINE 4.125% 09Jul35
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | ARGENTINE 4.125% 09Jul35GovernmentArgentina | 1.10% |
| 2 | REPUBLIC OF E 6.9% 31Jul35GovernmentEcuador | 0.74% |
| 3 | ARGENTINE 0.75% 09Jul30GovernmentArgentina | 0.68% |
| 4 | ARGENTINE 5% 09Jan38GovernmentArgentina | 0.64% |
| 5 | EAGLE FUNDING 5.5% 17Aug30GovernmentMexico | 0.58% |
| 6 | GHANA GOVERNM 5% 03Jul35GovernmentGhana | 0.55% |
| 7 | ARGENTINE 3.5% 09Jul41GovernmentArgentina | 0.53% |
| 8 | URUGUAY 5.1% 18Jun50GovernmentUruguay | 0.50% |
| 9 | SULTANATE OF 6.75% 17Jan48GovernmentOman | 0.41% |
| 10 | FEDERATIVE RE 6.625% 15Mar35GovernmentBrazil | 0.39% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By sector
- Government89.0%
- Energy5.7%
- Financials2.3%
- Materials1.8%
- Utilities0.8%
- Industrials0.3%
- Consumer Discretionary0.1%
By country
- Saudi Arabia7.0%
- Mexico6.8%
- Turkey5.3%
- Indonesia4.7%
- Brazil4.2%
- Poland3.9%
- Dominican Republic3.7%
- Philippines3.7%
- Other countries60.7%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
More of the portfolio
The fund publishes 593 holdings; the ten largest make up 6.1% of it. The fund's portfolio is also split by currency, maturity and credit quality.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
2 funds track J.P. Morgan EMBI Global Diversified Select Index - USD - Benchmark TR Gross, this one included and share classes counted once; their ongoing charges range from 0.30% to 0.45% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi Index Solutions - USD Emerging Markets Government BondDistributing · 0.30% a year | 0.30% | −0.2% | +13.1% | +3.3% |
| Amundi USD Emerging Markets Government Bond hs -UCITS ETF GBP Hedged- CapitalisationThis fundAccumulating · Currency hedged · 0.45% a year | 0.45% | Not reported | Not reported | Not reported |
As of
J.P. Morgan EMBI Global Diversified Select funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
Questions people ask
What is the ongoing charge of AEMH?
The ongoing charge of AEMH is 0.45% a year — about £45 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Amundi USD Emerging Markets Government Bond hs -UCITS ETF GBP Hedged- Capitalisation 0.45% a year. Compared on 14/11/2026, 14 of the 311 other government bond funds charge more, 3 the same and 294 less (share classes counted once).
What does AEMH track?
AEMH tracks the J.P. Morgan EMBI Global Diversified Select Index - USD - Benchmark TR Gross.
Is AEMH accumulating or distributing?
AEMH is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
What is the ISIN of AEMH?
The ISIN of AEMH is LU3307281595. An ISIN identifies one exact share class of a fund; AEMH is its ticker on the London Stock Exchange.
What does AEMH hold?
As of 11/11/2026, AEMH holds 593 positions, according to its published holdings. The largest is ARGENTINE 4.125% 09Jul35 at 1.10% of the fund; the ten largest make up 6.1%. Its ten largest holdings are ARGENTINE 4.125% 09Jul35 (1.10%), REPUBLIC OF E 6.9% 31Jul35 (0.74%), ARGENTINE 0.75% 09Jul30 (0.68%), ARGENTINE 5% 09Jan38 (0.64%), EAGLE FUNDING 5.5% 17Aug30 (0.58%), GHANA GOVERNM 5% 03Jul35 (0.55%), ARGENTINE 3.5% 09Jul41 (0.53%), URUGUAY 5.1% 18Jun50 (0.50%), SULTANATE OF 6.75% 17Jan48 (0.41%) and FEDERATIVE RE 6.625% 15Mar35 (0.39%).
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Fund documents and methods
- Fund documents
- Fund page at Amundi (links checked )
Methodology:ReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.